Kraft Heinz falls after halting plans to split, dour annual forecasts

Shares of packaged food maker Kraft Heinz KHC.O down ~7% at $23.20 premarket

Co pauses work related to splitting into two companies, which was announced last year

KHC forecasts annual sales, profit below estimates

Expects fiscal 2026 organic sales to be down 1.5% to 3.5%, compared with analysts' estimates of a 0.17% rise, as per data compiled by LSEG

Sees full-year adjusted profit in the range of $1.98 to $2.10 per share vs estimates of $2.49 per share

Co also announces a $600 million investment across marketing, sales, and R&D as well as product superiority and select pricing

Co reports fourth-quarter sales of $6.35 billion vs estimates of $6.38 billion

Stock fell about 21% in 2025